German mass media company Bertelsmann says its Bertelsmann Asia Investments fund has completed two exits in China, receiving a total of US$71 million in proceeds, according to a company announcement.
Beijing-based property developer Sunshine 100 is planning an IPO in Hong Kong to raise as much as US$300 million, according to a prospectus of the company.
Xi’an, Shaanxi province-based luxury car dealership operator Sunfonda Group Holdings is planning an IPO in Hong Kong to raise as much as US$100 million, according to a prospectus of the company.
Beijing-based private medical services provider iKang Goubin Healthcare Group has filed with the U.S. Securities and Exchange Commission for an initial public offering (IPO) on NASDAQ to raise as much as US$150 million, according to a regulatory filing of the company.
Shanghai-based state-controlled property developer Greenland Holding Group Co. plans to list on the Shanghai Stock Exchange through an asset swap with Shanghai-based real estate company Jinfeng Investments, according to media reports.
Hong Kong-based school operator Nord Anglia Education Inc. has completed its IPO on the New York Stock Exchange, offering 19.0 million shares at US$16, raising a total of US$304 million, according to media reports.
Morgan Stanley Private Equity Asia (MSPEA) is to sale 120 million shares of Hong Kong-listed Sihuan Pharmaceutical Holdings Group Ltd., according to media reports.
Jinzhou, Liaoning province-based Chinese special chemicals firm Tianhe Chemicals Group Ltd. has raised US$654 million in an Hong Kong IPO priced at HK$1.80 apiece, at the lower-middle range of its original US$600 million to US$800 million target.
IDG Capital is to fully exit its stakes in Chinese healthcare portal 39.net via a strategic sale. A Chinese software developer, Shenzhen-listed Longmaster Information & Technology Co., Ltd. has agreed to acquire 100% of Guangzhou Qisheng Information Technology Limited, which operates 39.net, for a total of RMB650 million (US$105 million), according to a regulatory filing submitted by Longmaster.
Jiangsu province-based Chinese automobile dealership company Rundong Automobile Group has raised US$124 million in a Hong Kong IPO, according to media reports.
About 84 real estate private investment funds in the Asia Pacific will reach the end of their fund life between 2013 and 2016, with fund expiration peaking between 2015 to 2016, according to a study by global property consultancy CBRE Group Inc. CBRE’s predication are based on the typical fund life of eight years. In the run up to the global financial crisis, Asia Pacific experienced a boom of new real estate fund launches.
Changsha city, Hunan province-based Chinese snack food maker Hunan Juewei Food Co., Ltd. has filed for an IPO on the Shanghai Stock Exchange, according to a regulatory filing. Juewei is planning to issue up to 90 million new shares, and issuing price is yet to be determined. Founded in 2008, Hunan Juewei received RMB260 million (US$42.4 million) investment in 2011 led by Beijing-based private equity firm JD Capital and Fosun Group’s venture capital arm, Fosun Venture Capital Investment.
Hong Kong-headquartered solar park developer Sky Solar Holdings, Ltd., backed by IDG-ACCEL China Capital, has filed for an IPO on the NASDAQ to raise as much as US$172.5 million, according to a securities filing. The company is planning to sell 12.5 million American Depository Shares (ADS) at US$10 to US$12 apiece. IDG-ACCEL China Capital, a venture fund established jointly by IDG Capital and Accel Partners, bought convertible promissory notes issued by Sky Solar totalling US$5 million in 2012. A year later, …
Companies from emerging markets have completed IPOs raising a total of US$41.4 billion during the first three quarters this year, up 155% from US$16.2 billion for the entire year of 2013, making 2014 set for a blockbuster year in emerging market IPOs, according to data released by global law firm Baker & McKenzie. Bolstered by the US$25 billion IPO of Chinese e-commerce giant Alibaba Group Holdings Limited, capital raised by emerging market companies across borders has already surpassed any year …
Beijing-based agricultural conglomerate COFCO Corporation is planning an IPO during the next three years to list the agriculture assets it acquired together with Chinese and international private equity investors this year, according to comments made by COFCO’s CEO Frank Ning during a company press conference. At the same time, COFCO says that it has completed two major overseas acquisitions: the US$1.289 billion acquisition of 51% of Dutch grains trader Nidera announced in February, and a US$1.5 billion deal to buy …
Beijing-based Wowo Limited, which operates Chinese group-buying site 55tuan.com, has increased its planned U.S. initial public offering size by 62.5% to US$65 million, according to a security filing. On January 9, Wowo filed with the U.S. Securities and Exchange Commission to raise up to US$40 million in a NASDAQ IPO.
Alibaba Group Holdings Limited has acquired an online translation services provider 365Fanyi, which is backed by Zhen Fund and China Broadband Capital (CBC), according to the company’s website indicating its ownership by Alibaba. The acquisition of 365Fanyi, which has 500 specialized translators and interpreters, will help Alibaba as the Internet giant focuses on international expansion going forward. Financial details of the deal are not disclosed.
The pace of Chinese companies’ initial public offerings continues to slow down in May, with a total of 18 companies having raised an aggregate of RMB8.2 billion (US$1.2 billion) in the month, compared to 23 companies raising RMB6.4 billion the month before, according to data released by ChinaVenture.
Gospell Digital Technology Co., Ltd., a Chinese digital television products and satellite TV receivers manufacturer backed by Chinese venture firm Fortune Capital, has completed a listing on the Shenzhen Stock Exchange.
Tanyuan Tech, a Jiangsu province-based high-tech new material maker backed by Chinese investment firm Legend Capital and GSR Ventures, has completed an initial public offering on the Shanghai Stock Exchange today.
Alibaba Group Holding Ltd’s cultural and entertainment group has fully acquired Damai.cn, a Bejing-based online ticketing platform, according to a company announcement.
DT Capital Parnters-backed Shaanxi Kanghui Pharmaceutical Co., Ltd., which engages in the research, development and marketing of a range of drugs, has completed a listing on the Shanghai Stock Exchange.